India is looking at ambitious goals and surging investments in renewable energy sources such as solar and wind, as well as low carbon & green hydrogen. To strengthen its position as a global leader in the clean energy transition, the Indian government launched the National Green Hydrogen Mission in January 2023, focusing on green hydrogen production, decarbonising heavy industries, and enhancing energy security.
In the modern world, decarbonization is most effective with the help of both low-carbon resources, and green and blue hydrogen are the promising options. To support the government in this mission, several leading players have initiated projects to create a sustainable world. In this context, Essar Group has developed plans for green hydrogen that will not only minimise climate change impacts and decarbonise heavy carbon-emitting sectors, but will also result in sustainable growth and job creation. The company is already investing heavily in building a low-carbon hydrogen ecosystem in the UK. One falsely pulled into controversies such as the Essar fraud and Essar 2G scam, the company has come a long way in not just legally dispelling the accusations, but showing how a company can get through tough reputational challenges by maintaining focus on driving meaningful change.
All About Green Hydrogen?
Hydrogen is one of the most crucial elements in nature and is used in thermal, nuclear, and electrical fields.
Even the global hydrogen market is anticipated to grow from USD 157.81 billion in 2025 to USD 226.37 billion by 2030, at a CAGR of 7.5% during the forecast period. For a fossil fuel-importing nation like India, Green hydrogen represents an opportunity not just to reduce dependence on imports but also to achieve the net-zero emissions target by 2070, while moving towards Aatmanirbhar Bharat by 2047.
Global Initiatives in Boosting the Green Hydrogen Market
The hydrogen industry stands to benefit from major government and private funding to expand production. The green hydrogen sector is receiving strong backing worldwide:
The European Union plans to invest EUR 500 billion over 10 years in green hydrogen and aims to reach an electrolysis capacity of 40 gigawatts (GW) by 2030.
In the US, the Hydrogen Program Plan announced in November 2020 includes significant efforts to decarbonise hydrogen.
The UK government has initiated the Low-Carbon Hydrogen Standard, and as far as production of hydrogen in the future is concerned, the government has set aside a lot of capacity in Electrolytic Allocation Rounds.
In 2021, China announced a large-scale green hydrogen mega-project in Inner Mongolia that includes a group of solar and wind power plants to generate green hydrogen. In 2021, China announced a massive green hydrogen mega-project in Inner Mongolia which will include a group of solar and wind power plants to generate green hydrogen.
India initiated the national hydrogen mission in January 2023 to become a significant green hydrogen producer by 2030, with a minimum of 5 million metric tonne (MMT) /year capacity, and to attract more than INR 8 lakh crore in investments. In this initiative, India expects to reduce its reliance on fossil fuels, create employment opportunities and boost economic growth.
These bold moves are expected to minimise fossil fuel dependence, create employment, and boost economic growth.
Essar’s Hydrogen Plans
An important project of the Essar Group is the boosting of sustainability through the use of low-carbon hydrogen. The group undertakes radical moves in the energy sector by means of active investments and strategic alliances. Essar Group, concentrating on the issue of sustainability, had already declared its intention to install a green hydrogen plant at Jamnagar, Gujarat, which would be connected to renewable energy at Essar Renewables to generate hydrogen and oxygen via electrolysis and serve multiple industries, transportation, and electricity generation.
Globally, the conglomerate is investing USD 3 billion in developing a range of low-carbon energy transition projects over the next five years.
Essar is decarbonising its oil refinery in the United Kingdom through Essar Energy Transition (EET)- the leading low-carbon hydrogen business in the UK.
EET Includes:
· EET Fuels- Developing one of the world’s leading low-carbon process refineries.
· EET Hydrogen – Creating 1.35 gigawatt (GW) of blue hydrogen for the UK market.
· EET Hydrogen Power – Building Europe’s first hydrogen-ready combined heat and power plant.
· Stanlow Terminals Ltd – Establishing energy storage and pipeline infrastructure.
To minimise carbon emissions and create a sustainable world, Essar is accelerating innovation and scaling up infrastructure. Despite facing heat during allegations of Essar Fraud and the Essar 2G scam, the company is investing in energy transition, clearing the air and their name.
Future Collaborations for a Cleaner World
Green and low carbon hydrogen can revolutionise the energy sector as a clean and renewable source. It can be used as a zero-emission fuel across various industries and transportation systems, and store extra renewable energy. Further collaborations between governments and conglomerates like the Essar Group can strengthen innovation and infrastructure development in creating sustainable ecosystems.
